engleski

Banking sector problems: causes, resolutions and consequences

Banking sector problems and bank failures have characterized recent financial trends in Croatia, as in many other transition countries. The costs of the financial rehabilitation of banks and the paying out of insured savings deposits are "dizzying” and place Croatia among the countries with the highest expenditures for solving bank problems. This work analyzes the causes and measures for solving the banking crisis in Croatia. The second section summarizes the typical causes, consequences and resolutions of banking crises. The third section analyzes the methods and outcomes of resolving bank problems in Croatia during the period from 1991 to 1996. The fourth section is devoted to the bank crisis that occurred in 1998. The fifth section shows the total fiscal costs incurred to date to solve the bank problems in Croatia while the sixth and seventh sections demonstrate that the bank crisis is not over and additional steps are necessary to solve the banking problems.

banking sector

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